FOR SALE
$725,000 - $745,000

113 Commercial Road
Koroit VIC 3282

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 158m2
Land area: 1197m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Rare Development Location

Gleeson Real Estate are pleased to offer 113 Commercial Road, Koroit for Sale by Expression of interest.
Koroit has always been on the map, but as the popularity of the town is building and the demand for property increasing, the purchase of this property will be a wise investment.
On offer is a 1965-built 4-bedroom, 1-bathroom house on a huge 1197m2 lot.
Zoned Commercial 1, the purpose of this zone is to create vibrant mixed use commercial centres for retail, office, business, entertainment and community uses; and/or to provide for residential uses at densities complementary to the role and scale of the commercial centre.
The flexibility of this zoning allows you to keep as a rental property and maintain as an investment, or when the times right, develop it into a commercial premises. With a growing community and Koroit's demand for retail, office space & high density residential or short-term accommodation this property is ready for you.
Koroit has it all! Primary schools, pharmacy, supermarket, pubs, sporting reserve, playgrounds, community! Be part of the growing rejuvenation of Koroit, close to Koroit’s popular pubs, brewery or restaurants. Furthermore; with only 10 minutes from the beautiful Killarney beach, Warrnambool & Port Fairy townships and Tower Hill reserve, there is only room for this town to prosper.
Please note: This property is currently leased at $500 p/w.
Call Jeremy to book an inspection.
View Statement of Information

Property Details for 113 Commercial Rd, Koroit

113 Commercial Rd, Koroit is a 4 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 1197m2 and floor size of 158m2. The place is currently for sale with Roberts One Real Estate - WARRNAMBOOL.

Building Type
House
Floor Size
158m2
Land Size
1197m2

Commute Calculator

About Koroit 3282

The size of Koroit is approximately 42 square kilometres. It has 2 parks covering nearly 0.6% of total area. The population of Koroit in 2011 was 1,957 people. By 2016 the population was 2,043 showing a population growth of 4.4% in the area during that time. The predominant age group in Koroit is 50-59 years. Households in Koroit are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Koroit work in a trades occupation. In 2011, 78% of the homes in Koroit were owner-occupied compared with 77.9% in 2016.

Koroit has 1,283 properties. Over the last 5 years, Houses in Koroit have seen a 61.86% increase in median value, while Units have seen a 35.49% increase. As at 31 October 2024:

  • The median value for Houses in Koroit is $601,010 while the median value for Units is $418,675.
  • Houses have a median rent of $520.
There are currently 24 properties listed for sale, and 1 property listed for rent in Koroit on OnTheHouse. According to CoreLogic's data, 44 properties were sold in the past 12 months in Koroit.

Koroit Profile Page

Suburb Insights for Koroit 3282

Visit Koroit profile page
Market Insights
Koroit Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Koroit Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Koroit profile page
Contact agent
Jeremy Gleeson
Show contact details
Call agent
Roberts One Real Estate - WARRNAMBOOL
Preferred contact:
Privacy Policy
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED